We are both retired and moved from Maine to Florida on Feb 2nd 2016. Closed on the house in Maine and left that day - drove to Florida. Rented a house till we purchased a house on March 18th. What do I have to file for Maine? Our Pension payments were ACHed to our bank in Maine until June when we changed banks to Florida after we had settled. Our income is Pension and IRS distributions only. When do I have to show non residence in Maine? We left on Feb 2nd and no longer had a house. Our Florida drivers license shows 3-24-16 They took our Maine licenses then. Permanent reticence in Florida started on March18 when we closed on the new house. But paid rent on a house form Feb 1st through April.30th.
You'll need to sign in or create an account to connect with an expert.
You must file a part year resident return for Maine covering the period Jan 1 - Feb 2.
FL does not have a state income tax.
Your residency in Maine ended on February 2. None of the other dates matter.
It doesn't matter where your bank is. Pension payments or IRA distributions that you received on or before Feb. 2 are Maine income, and any payments or distributions you received after Feb. 2 are not Maine income.
The sale of the house in Maine is Maine income, and you have to report it on your Maine tax return. Any profit on the sale is subject to Maine income tax, in addition to the pension payments and IRA distributions that you received on or before Feb. 2. I don't know if Maine follows the federal rules for excluding gain on the sale of your home. You might not actually have to pay any tax on it. The TurboTax interview for Maine should lead you through figuring it out.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Smithy4
New Member
rbucking4
New Member
judith-legare
New Member
fpho16
New Member
kw_rhodes
New Member